BNB Coin on BINANCE

BNB (Binance Coin) holds a central position in the Binance ecosystem. Originally launched as an ERC-20 token in 2017, BNB now operates on Binance’s own blockchain, BNB Smart Chain (BSC). It powers various functions within Binance, including trading fee discounts, token sales on Binance Launchpad, and payment of transaction fees on BSC. BNB is also used in DeFi applications, NFT platforms, and staking mechanisms within the Binance ecosystem. Its value and utility are deeply tied to Binance’s growth and adoption. Regular token burns reduce supply, potentially increasing its value. Overall, BNB acts as both a utility and investment token.

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